Market Overview

The automotive engine cylinder block market is a significant segment of the automotive industry. The cylinder block is an essential component of an engine and is responsible for housing the cylinders that are the basis of the engine’s power output. The automotive engine cylinder block market is driven by the demand for fuel-efficient and high-performance vehicles, along with the growing demand for electric vehicles.

The global automotive engine cylinder block market is expected to grow at a CAGR of 4.5% during the forecast period of 2021-2028. The market is expected to reach a value of USD 25.3 billion by 2028, from USD 18.1 billion in 2020. The growth of the market is attributed to factors such as the increasing demand for high-performance vehicles, the growing popularity of electric vehicles, and the increasing demand for lightweight engine components.

Meaning

The automotive engine cylinder block is a crucial component of the engine. It is a large metal casting that houses the cylinders, piston, and other components that are essential for engine performance. The cylinder block is responsible for maintaining the pressure required to generate power and for supporting the engine’s moving parts. Cylinder blocks are generally made of cast iron or aluminum alloy, with aluminum alloy being the preferred material for lightweight and fuel-efficient vehicles.

Executive Summary

The global automotive engine cylinder block market is expected to grow at a CAGR of 4.5% during the forecast period of 2021-2028. The increasing demand for fuel-efficient and high-performance vehicles, along with the growing popularity of electric vehicles, is expected to drive the market’s growth. The market is expected to reach a value of USD 25.3 billion by 2028, from USD 18.1 billion in 2020.

Important Note: The companies listed in the image above are for reference only. The final study will cover 18–20 key players in this market, and the list can be adjusted based on our client’s requirements.

Key Market Insights

The key market insights for the automotive engine cylinder block market are as follows:

1. Growing Demand for High-Performance Vehicles: The demand for high-performance vehicles is on the rise, which is driving the growth of the automotive engine cylinder block market. High-performance vehicles require high-quality and durable engine components to support their power output, which includes the cylinder block.
2. Increasing Popularity of Electric Vehicles: The increasing popularity of electric vehicles is another key driver of the automotive engine cylinder block market. Electric vehicles require a different type of engine cylinder block, as they do not have combustion engines. However, the growing demand for electric vehicles is driving the development of new materials and technologies for engine components, including cylinder blocks.
3. Increasing Demand for Lightweight Engine Components: The demand for lightweight engine components is on the rise, driven by the need for fuel-efficient vehicles. Lightweight materials such as aluminum alloys are becoming increasingly popular for engine components, including cylinder blocks.

Market Drivers

1. Growing Demand for High-Performance Vehicles: The demand for high-performance vehicles is expected to drive the growth of the automotive engine cylinder block market. High-performance vehicles require high-quality and durable engine components, including cylinder blocks, to support their power output.
2. Increasing Popularity of Electric Vehicles: The increasing popularity of electric vehicles is expected to drive the growth of the automotive engine cylinder block market. Although electric vehicles do not have combustion engines, they still require high-quality and durable engine components, including cylinder blocks, for their electric motors.
3. Increasing Demand for Lightweight Engine Components: The demand for lightweight engine components is expected to drive the growth of the automotive engine cylinder block market. Lightweight materials such as aluminum alloys are becoming increasingly popular for engine components, including cylinder blocks, due to their fuel efficiency benefits.

Market Restraints

1. High Cost of Development: The high cost of developing new technologies and materials for engine components, including cylinder blocks, is expected to be a major restraint for the automotive engine cylinder block market. Developing new materials and technologies requires significant investment, and this may hinder the growth of the market.

2. Stringent Regulations: The stringent regulations on emissions and fuel efficiency standards are expected to be a restraint for the automotive engine cylinder block market. Automakers are required to meet these regulations, which can increase the cost of manufacturing and limit the use of certain materials.
3. Competition from Substitute Technologies: The competition from substitute technologies, such as electric vehicles, may also be a restraint for the automotive engine cylinder block market. As more consumers switch to electric vehicles, the demand for traditional engine components may decline.

Market Opportunities

1. Development of Lightweight Materials: The development of lightweight materials for engine components, including cylinder blocks, is expected to be a major opportunity for the automotive engine cylinder block market. Lightweight materials such as aluminum alloys can help to improve fuel efficiency and reduce emissions.
2. Increasing Demand for Electric Vehicles: The increasing demand for electric vehicles is expected to be an opportunity for the automotive engine cylinder block market. As electric vehicles become more popular, the demand for new materials and technologies for engine components will increase.
3. Growing Demand for Fuel-Efficient Vehicles: The growing demand for fuel-efficient vehicles is expected to be an opportunity for the automotive engine cylinder block market. Automakers are under pressure to meet emissions and fuel efficiency standards, and this is driving the development of new technologies and materials for engine components.

Market Dynamics

The automotive engine cylinder block market is dynamic and is driven by various factors such as increasing demand for high-performance vehicles, the growing popularity of electric vehicles, and the increasing demand for lightweight engine components. The market is also influenced by factors such as regulations on emissions and fuel efficiency, competition from substitute technologies, and the cost of development.

Regional Analysis

The automotive engine cylinder block market is segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. Asia Pacific is expected to be the largest market for automotive engine cylinder blocks during the forecast period. The growth of the market in Asia Pacific can be attributed to the increasing demand for high-performance vehicles and the growing popularity of electric vehicles in countries such as China and India.

Competitive Landscape

Leading Companies in the Automotive Engine Cylinder Block Market

1. Nemak, S.A.B. de C.V.
2. Toyota Industries Corporation
3. Ford Motor Company
4. Honda Motor Co., Ltd.
5. Hyundai Motor Company
6. Mahindra & Mahindra Ltd.
7. Thyssenkrupp AG
8. JTEKT Corporation
9. Continental Motors Group
10. Perkasa Jauhari Sentosa, PT

Please note: This is a preliminary list; the final study will feature 18–20 leading companies in this market. The selection of companies in the final report can be customized based on our client’s specific requirements.

Segmentation

The automotive engine cylinder block market can be segmented based on material, application, and region.

Based on material, the market can be segmented into cast iron, aluminum, and others.

Based on application, the market can be segmented into passenger cars, commercial vehicles, and others.

Category-wise Insights

1. Cast Iron Segment: The cast iron segment is expected to dominate the market during the forecast period, due to its durability and low cost.
2. Passenger Cars Segment: The passenger cars segment is expected to be the largest segment of the market during the forecast period, driven by the increasing demand for high-performance vehicles and fuel-efficient cars.
3. Asia Pacific Region: The Asia Pacific region is expected to be the largest market for automotive engine cylinder blocks during the forecast period, driven by the increasing demand for high-performance vehicles and the growing popularity of electric vehicles in countries such as China and India.

Key Benefits for Industry Participants and Stakeholders

1. The automotive engine cylinder block market offers significant growth opportunities for industry participants and stakeholders.
2. The market is driven by the increasing demand for high-performance vehicles, the growing popularity of electric vehicles, and the increasing demand for lightweight engine components.
3. Industry participants and stakeholders can benefit from the development of new materials and technologies for engine components, including cylinder blocks.

SWOT Analysis

1. Strengths: The automotive engine cylinder block market is driven by the increasing demand for high-performance vehicles and the growing popularity of electric vehicles. The market also offers significant growth opportunities for industry participants and stakeholders.

2. Weaknesses: The high cost of developing new technologies and materials for engine components, along with stringent regulations on emissions and fuel efficiency, may hinder the growth of the market.
3. Opportunities: The development of lightweight materials for engine components, the increasing demand for electric vehicles, and the growing demand for fuel-efficient vehicles offer significant opportunities for the automotive engine cylinder block market.
4. Threats: The competition from substitute technologies such as electric vehicles and the volatility of raw material prices are potential threats for the automotive engine cylinder block market.

Market Key Trends

1. Development of Lightweight Materials: The development of lightweight materials for engine components, including cylinder blocks, is a key trend in the automotive engine cylinder block market. Lightweight materials such as aluminum alloys can help to improve fuel efficiency and reduce emissions.
2. Increasing Demand for Electric Vehicles: The increasing demand for electric vehicles is a key trend in the automotive engine cylinder block market. As electric vehicles become more popular, the demand for new materials and technologies for engine components will increase.
3. Growing Demand for Fuel-Efficient Vehicles: The growing demand for fuel-efficient vehicles is a key trend in the automotive engine cylinder block market. Automakers are under pressure to meet emissions and fuel efficiency standards, and this is driving the development of new technologies and materials for engine components.

Covid-19 Impact

The Covid-19 pandemic had a significant impact on the automotive industry, including the automotive engine cylinder block market. The pandemic led to a decline in vehicle sales, which affected the demand for engine components. However, the market has started to recover as countries have started to lift restrictions and economies have started to reopen.

Key Industry Developments

1. BMW AG: In 2020, BMW AG announced that it had developed a new aluminum alloy for engine components, including cylinder blocks. The new alloy is lighter and more durable than existing materials, and it can help to improve fuel efficiency and reduce emissions.
2. General Motors Company: In 2021, General Motors Company announced that it had developed a new process for casting engine components, including cylinder blocks. The new process uses a 3D printer to produce the mold, which reduces the time and cost of production.

Analyst Suggestions

1. Industry participants and stakeholders should focus on the development of new materials and technologies for engine components, including cylinder blocks.
2. Industry participants and stakeholders should also focus on the increasing demand for electric vehicles and the growing demand for fuel-efficient vehicles.

Future Outlook

The global automotive engine cylinder block market is expected to grow at a CAGR of 4.5% during the forecast period of 2021-2028. The market is expected to reach a value of USD 25.3 billion by 2028, driven by the increasing demand for high-performance vehicles, the growing popularity of electric vehicles, and the increasing demand for lightweight engine components.

Conclusion

The automotive engine cylinder block market is a significant segment of the automotive industry, driven by the demand for fuel-efficient and high-performance vehicles, along with the growing demand for electric vehicles. The market offers significant growth opportunities for industry participants and stakeholders, and the development of new materials and technologies for engine components, including cylinder blocks, is expected to be a key focus for the industry in the coming years.